Apple has acquired LED maker LuxVue for an undisclosed sum, according to a TechCrunch report. The startup specializes in power-efficient displays that could be used in small consumer devices lacking space for bulky screens or batteries.
“Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” Apple said. The report suggests that Apple could be looking at both micro-LED’s minimal power requirements and its improved brightness as benefits to its mobile range. In last month’s earnings call Apple CEO Tim Cook revealed that the company had bought 24 companies in the last 18 months.
Founded in 2009, not much is known about LuxVue except that it had raised $43 million in funding from Kleiner Perkins and others. The startup has filed a number of patents that could help devices maintain long battery life while keeping screen brightness high. It can be predicted that Apple might have acquired the start-up to use this technology in its much awaited foray in wearable tech with its rumoured iWatch.
Apple is holding its annual developer conference next month, when it is anticipated to unveil new range of softwares and products. Last month there were reports that Apple is planning to buy Japanese chipmaker Renesas SP Drivers.
Via: TechCrunch